The percentage decrease in property values during transitions from democracy to fascism varies widely depending on the country, severity of government intervention, war, and economic conditions. Here are some historical examples with estimated property value declines:
Germany (Nazi Era: 1933-1945)
- Early 1930s: Property values remained relatively stable or slightly increased due to government spending and infrastructure projects.
- Late 1930s-1945: Due to war, bombing, and economic collapse, urban property values in cities like Berlin, Hamburg, and Dresden declined 50-90% by 1945.
- Post-WWII (1945): Many properties were destroyed or seized, effectively making their value zero in some cases.
Italy (Mussolini’s Fascist Rule: 1922-1943)
- 1920s-1930s: Property values initially increased in urban centers due to government spending on infrastructure.
- Late 1930s-1945: Economic stagnation and war caused urban real estate values to drop 40-70%, particularly after Italy became a battleground in WWII.
Spain (Francoist Era: 1939-1975)
- 1936-1939 (Spanish Civil War): Property values plummeted 60-80% in war-torn areas.
- 1940s-1950s: Spain was economically isolated, causing property values to remain stagnant or decline further.
- 1960s-1970s: The economy recovered, and property values rebounded.
Argentina (Perón’s Rule: 1946-1955, later 1973-1974)
- 1940s-1950s: Nationalization and government intervention caused property values to stagnate or decline by 30-50% in some areas.
- 1970s: Economic mismanagement, hyperinflation, and political instability led to property devaluation of up to 60% in some urban areas.
Venezuela (Chávez & Maduro: 1999-Present)
- 2010s-Present: Although not a textbook fascist regime, property values in Caracas and other cities dropped 70-90% due to hyperinflation, economic collapse, and government intervention in real estate markets.
Key Takeaways
- Short-term drops: Typically 30-60% in the first few years of a fascist transition.
- Long-term destruction: If war or economic collapse follows, real estate values can decline 70-90%, especially in urban centers.
- Recovery depends on regime duration and economic policies.
Where did this data come from
Citations
[PDF] Expropriation of Jewish Property in Fascist Italy (1939-1945)
Confiscatory taxation of Jewish property and income in Nazi Germany
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This was done to keep the Nazi war machine from using the looted assets to acquire items